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US TSY FUTURES: Net Shorts Extended In Most Contracts In Latest CFTC

US TSY FUTURES
USMarketsHomepageBulletGlobalFixed Income BulletsRegionNorth America

The latest CFTC CoT showed non-commercials setting fresh shorts in all contracts outside of UXY, which saw a trimming of net shorts.

  • Within investor subcategories, hedge funds added to shorts in most contracts, although covered some existing shorts in FV & UXY futures.
  • Asset managers generally added to net longs, although trimmed existing longs in both UXY & WN futures.
  • While the reporting period covered the most recent NFP release, it didn’t capture last week’s CPI report, nor the reaction to the dovish Fed press reports from the likes of the WSJ & FT, which reasserted more balanced odds of a 50bp cut at this week's FOMC.
  • A reminder that CFTC positioning metrics will be skewed by basis trades.

Source: MNI - Market News/CFTC/Bloomberg

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The latest CFTC CoT showed non-commercials setting fresh shorts in all contracts outside of UXY, which saw a trimming of net shorts.

  • Within investor subcategories, hedge funds added to shorts in most contracts, although covered some existing shorts in FV & UXY futures.
  • Asset managers generally added to net longs, although trimmed existing longs in both UXY & WN futures.
  • While the reporting period covered the most recent NFP release, it didn’t capture last week’s CPI report, nor the reaction to the dovish Fed press reports from the likes of the WSJ & FT, which reasserted more balanced odds of a 50bp cut at this week's FOMC.
  • A reminder that CFTC positioning metrics will be skewed by basis trades.

Source: MNI - Market News/CFTC/Bloomberg